IMF chief Georgieva flags possible downgrade in China's GDP forecast
The ongoing COVID-19 pandemic and problems in China's real estate sector pose continued risks to China's economy, the head of the International Monetary Fund said on Tuesday, adding that the fund may have to revise its growth projection downwards.
Speaking in Berlin, IMF Managing Director Kristalina Georgieva told reporters that the IMF had forecast 3.2% growth in China's economy in 2022, improving to 4.4% in 2023, but the risks were on the "downside," and a downgrade was possible.
China did have fiscal space to boost its economy and counter the downward pressure, she said, adding that Beijing was also looking at shifting away from its zero-COVID policy and moving toward a more targeted response, which could help reduce supply chain interruptions and counteract slowing growth.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Kristalina Georgieva
- Berlin
- China
- Beijing
- International Monetary Fund
ALSO READ
Berlin: Scholz, Zelenskiy to keep talking on support for peace
Navalny's widow takes part in 'noon against Putin' protest in Berlin, activists say
Entertainment News Roundup: Comedian Kevin Hart honored with Kennedy Center's Mark Twain Prize for humor; Berlin drag show 'Together' seeks to address Middle East grief and more
Berlin drag show 'Together' seeks to address Middle East grief
Entertainment News Roundup: Comedian Kevin Hart honored with Kennedy Center's Mark Twain Prize for humor; Berlin drag show 'Together' seeks to address Middle East grief and more